Qualified Opportunity Zone. Cash cow mixed-use investment offering 6,444 square feet of rental space with a market cap rate of 9.55% located in a busy commercial district with excellent car and foot traffic. The property is split into three levels with many repositioning options. The lower level offers a large open space along with a 2bd apartment. The middle level and upper level offer numerous units along with an office space thats open to the lower level. The property is easy to manage with little to no maintenance resulting in low annual operating expenses. This is a perfect opportunity for an owner-user who wants a blank canvas to customize or an investor looking to reposition the property with high market rents.
3001 38th Ave and 3768 Penniman Ave 2 parcels #32-2030-109 and #33-2030-110 sell together. 3001-3017 38th Ave has 6 units, 5948 Sq,ft building, 4471 sq.ft lot, rent $7182 per month. The back 3768 Penniman Ave is 5060 sq.ft lot, possible to build another 4 units, please verify that with city. The front building tenants park in the back lot with automatic sliding fence gate. 5 separate water meters, 7 gas maters and electricity meters. Owner only pay upstairs 2 residential units garbage. 3001 commercial, rent $1500, 3005 Commercial $950, 3015 commercial $950, 3017 commercial $950, upstairs 2 residential units , 3007 is 2 bed 1 bath $1596.50, 3011 is 2bed 2 bath $1236, total $86,184.00 per year. Possible seller finance.
PRIME LOCATION with lots of foot and car traffic! Built in 2005, ground levels commercial real estate for sale. Newly remodeled with hardwood floor throughout. Currently use as a salon with 4 stations, reception area with a spacious bathroom including a break area. Great space for your business to thrive, come see it today!
